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US bets on nuclear ships to break China’s shipbuilding monopoly

Washington teams with UK firm CORE POWER to launch first US-flagged nuclear merchant fleet by 2028

FP
Financial Ports International editorial team, based in Morocco
27 Aug 2026 · 08:50 · hace 13 días
3 min read · WASHINGTON
Fotografía — FP / InfoPuertos
— Las claves
2028 target for first nuclear-powered merchant ships under US flag.
MARAD and CORE POWER sign cooperation deal to tackle regulatory and safety hurdles.
China’s push into nuclear commercial shipping sparks US national security concerns.
IMO to revise 1981 nuclear merchant ship safety code by 2030.

The memorandum of cooperation, signed between MARAD and CORE POWER, seeks to address long-standing obstacles that have confined nuclear propulsion to naval vessels. While the agreement does not commit MARAD to funding or procurement, it establishes a framework to tackle regulatory, safety, and operational challenges. CORE POWER’s founder and CEO, Mikal Bøe, warned of China’s head start in the sector: “China is already moving toward nuclear-powered commercial shipping. “China is already moving toward nuclear-powered commercial shipping. That should focus minds in Washington.” Mikal Bøe·CORE POWER founder and CEO Rather than…

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Your FP

  1. My account Saved stories, newsletters and alerts
  2. Maritime AI The engine behind our analysis
FP Live

Market data

  1. Port ranking China leads · 2026Q03 2,416
  2. Chokepoints Korea Strait busiest +51.6%
  3. Disruptions red alerts active 2
  4. Ports live Shanghai tops calls 393
  5. Stocks 36 of 54 higher +0.56%

Updated 16:16 Data via CAMAL AI

ENERGY EXCLUSIVA 27/08/2026 FPPLUS

US bets on nuclear ships to break China’s shipbuilding monopoly

Washington teams with UK firm CORE POWER to launch first US-flagged nuclear merchant fleet by 2028

FP
Financial Ports International editorial team, based in Morocco 27 Aug 2026 · 08:50 · hace 13 días
3 min read WASHINGTON
ACTUALIZADO 27/08/2026 · 11:35
nuclear-powered merchant ships

(FP) · Fotografía: Andrés Gutiérrez para InfoPuertos

The memorandum of cooperation, signed between MARAD and CORE POWER, seeks to address long-standing obstacles that have confined nuclear propulsion to naval vessels. While the agreement does not commit MARAD to funding or procurement, it establishes a framework to tackle regulatory, safety, and operational challenges. CORE POWER’s founder and CEO, Mikal Bøe, warned of China’s head start in the sector: “China is already moving toward nuclear-powered commercial shipping. “China is already moving toward nuclear-powered commercial shipping. That should focus minds in Washington.” Mikal Bøe·CORE POWER founder and CEO Rather than…

FP Plus

Keep reading with your free Financial Ports account

This story is part of FP Plus, the exclusive supplement of Financial Ports. Creating an account is free — and it unlocks CAMAL AI too.

Create free account I already have an account

No cost, no card required. You can delete your account whenever you like.

CAMAL AI
Maritime artificial intelligence Go deeper with:

Sign up free to ask CAMAL AI for a summary, the key points or anything else about this story.

Sign up free I already have an account

Related stories

CAMAL AI CAMAL AI
CSSC Shipping bets $481m on 10 bulkers to dominate dry freight Aryan Kumar US Bets $35bn on Nuclear Ships to Outrun China’s Green Fleet FP Nuclear-powered ships back on the radar: IAEA unveils global framework FP
Financial Ports Newsletter Financial Ports Newsletter The maritime economy, every morning Ports, shipping and freight markets in one short email. Free.
Temas del artículo
china shipbuilding Core Power imo regulations nuclear shipping us maritime
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